Tag Archives: ethusd

Bitcoin continued with recovering the most recent losses and ever went further to a six-day high at $38,500 before calming down. Most altcoins, though, have failed to produce any gains, and BTC’s market dominance has jumped to 44%. Bitcoin Tapped 6-Day High After bottoming at $31,000 on Tuesday, the primary cryptocurrency started to reclaim its lost ground gradually. It spiked by around $3,000 on Wednesday, added another sizeable chunk on Thursday, and kept climbing higher in...

Alexis Ohanian is a versatile man: billionaire, philanthropist, founder of Reddit, Initialized Capital, and husband of the famous tennis player Serena Williams. Recently, Seven Seven Six, his new venture firm, closed a funding round after raising 150 million dollars, a feat that brought him to the media’s spotlight, eager to know his vision about the business world… and the future of cryptocurrencies. How Much ETH Does Ohanian Owns? In an interview for CNBC, Ohanian devoted a...

ETH/USD – ETH Falls Beneath Ascending Triangle. Key Support Levels: $2470, $2330, $2200.Key Resistance Levels: $2700, $2890, $3000. ETH fell beneath an ascending triangle pattern tracking over the past fortnight after dropping to $2600 on Monday. It fell beneath the lower boundary (dashed line) and continued until support was established around the $2500 level. The coin did spike as low as $2330 during the week but is now attempting to maintain itself above the newly formed...

After a few days of sideways trading, bitcoin fell hard by losing almost $5,000 of value in less than a day. The rest of the market followed suit as Ethereum slumped by $400 to an eight-day low. Bitcoin Dumped to Lowest Level Since May 24th The past few weeks have been somewhat unusual for the primary cryptocurrency. During the previous weekend, BTC dumped beneath $33,500, but it used the workweek to regain all losses. It failed at breaching $40,000, dropped by a few thousand...

ETH/USD – Market Continues Consolidation Inside Triangle. Key Support Levels: $2715, $2600, $2470.Key Resistance Levels: $2892, $3000, $3135. ETH is up by a substantial 18% over the week as it trades at around $2800 but still resides inside the ascending triangle pattern. The roof is at $2891 (bearish .382 Fib), and ETH has been stuck here for the past fortnight. It tested the upper boundary of the triangle last week but failed to overcome it. As a result, ETH headed lower...

Although the weekend started on a positive note for bitcoin, it continued with price slumps, and the asset plunged by about $3,000 in hours. The altcoins are also deep in red, with ETH dumping below $2,700 and BNB beneath $400 – the market cap lost another sizeable chunk of value in a day. Bitcoin Struggles at $36K The workweek was actually going well for the primary cryptocurrency as it was gaining traction and even jumped to a six-day high of $39,500. However, the inability...

The latest substantial market crash has turned bitcoin into a “discounted and refreshed” asset, argued researchers from Bloomberg. In their most recent paper, they reasoned that BTC might stay in a range between $30,000 and $40,000 for a while, but its ultimate trajectory by the end of the year is towards $100,000. DIscounted and Refreshed Bitcoin Bitcoin’s price went through a roller-coaster since its all-time high in mid-April at $65,000. The freefall began in May, perhaps...

Bitcoin has bounced off after the latest negative engagement by Elon Musk and has neared $38,000. Most alternative coins have spiked even harder in the past 24 hours, with ETH trading around $2,800 and BNB surging well past $400. Bitcoin Recovers the Latest Elon Musk Dump After the previous weekend in which BTC dumped below $34,000, the asset performed rather well during the workweek. It was gradually increasing for a few consecutive days and even broke above $37,000. The...

We saw another week of relatively choppy price action as the major cryptocurrencies failed to chart any serious gain. On the opposite – with a few exceptions, most of the coins underwater. Bitcoin Bitcoin is down by a total of 4.7% this week and is trading inside an ascending price channel as it battles to remain above the upper boundary at around $36,600. The cryptocurrency had an interesting week of trading after meeting the resistance at $40,760 (bearish .382 Fib) last...

The antivirus company NortonLifeLock announced a new feature on its platform, named Norton Crypto. Its mission will be to enable customers to mine Ethereum in a safe and accessible way. Mining ETH In a recent announcement, the cybersecurity firm notified its nearly 13 million customers about a new service on its platform. Called Norton Crypto, it will provide a “safe and easy way” for consumers to mine one of the largest digital assets by market capitalization – ether (ETH)....